Business Services Industry
GULF FINANCE HOUSE AND QATAR ISLAMIC BANK PLAN TO ESTABLISH FIRST DEDICATED ISLAMIC INVESTMENT BANK IN QATAR
Info-Prod Research (Middle East), March, 2006
According to DSM News: Gulf Finance House (GFH) and Qatar Islamic Bank (QIB) announced a landmark agreement to launch Qatar's first dedicated Islamic investment bank. A formal application for authorization and a license was submitted on Sunday to the Qatar Financial Centre Regulatory Authority. The investment bank will be launched with an authorised capital of US 1 billion and paid up capital of US$ 500 million.
GFH and QIB will each own 15 per cent of the new bank and will jointly control the management of the bank through a management agreement. The remaining 70% of the equity will be offered by GFH and QIB to their clients from this week. An initial public offering (IPO) is planned to follow in the short term in accordance with the stock exchange regulations. Commenting...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
